Los Angeles, the entertainment capital of the world, is quickly becoming a hub for cryptocurrency and web 3 companies. With its vibrant music and movie industry, it’s no surprise that many celebrities are jumping on the crypto bandwagon and promoting the use of digital currencies.
Why is Los Angeles a Crypto Hub for Web 3 Companies ?
Los Angeles has always been known for its cutting-edge technology, and the city is now turning its attention to the crypto industry. With a large number of tech startups, the city is a hub for innovation, and the crypto industry is no exception. The city’s vibrant music and movie industry is also a major factor in the growth of crypto in Los Angeles.
Many celebrities have expressed their passion for cryptocurrency, including Snoop Dogg. The rapper has been an early adopter of crypto and has been promoting the use of digital currencies for years. He’s been vocal about his support for Bitcoin and even accepted it as payment for his music.
Snoop Dogg’s enthusiasm for crypto has inspired many other celebrities to follow suit. Actors like Paris Hilton, Ashton Kutcher, and Gwyneth Paltrow have all shown support for the crypto industry and have invested in various digital currencies.
Music industry heavyweights like Akon and Wu-Tang Clan member Ghostface Killah have also gotten involved with cryptocurrency. Akon has launched his own digital currency, AKoin, while Ghostface Killah has been promoting the use of Bitcoin for years.
Examples of Companies that Accept Crypto as a Form of Payment
Many companies in Los Angeles are now accepting crypto as a form of payment. From restaurants to retail stores, the city is quickly becoming a hub for digital currencies.
One of the most notable companies that accept crypto as a form of payment is the popular fast-food chain, Subway. The franchise has been accepting Bitcoin as a form of payment since 2013, making it one of the first major companies to embrace digital currencies.
Another popular Los Angeles-based company that accepts crypto is Newegg, a leading online retailer for computer hardware and software. The company accepts several digital currencies, including Bitcoin, Ethereum, and Litecoin, as a form of payment.
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Los Angeles’ Involvement in the Crypto Industry
The city of Los Angeles has been heavily involved in the crypto industry, from hosting conferences and events to investing in blockchain startups. The city is home to several crypto-focused accelerators, like Amplify.LA, which help startups in the space to grow and scale their businesses.
The city is also home to several crypto-focused venture capital firms, like Mucker Capital and Blockchain Capital, which are investing in the next generation of blockchain-based startups.
Los Angeles is becoming a hub for cryptocurrency and web 3 companies due to its thriving music and movie industry and its commitment to innovation. With the support of celebrities like Snoop Dogg, as well as its growing number of tech startups, the city is quickly becoming a hub for digital currencies. As more companies adopt crypto as a form of payment, Los Angeles will continue to play a major role in the growth of the crypto industry.
Discover more about the different cities considered to be crypto hubs around the world : Miami, New York, Dubai and Singapore !
